SGNYSERetail-Eating PlacesFiscal year ends December 31
Sweetgreen, Inc.
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Aug 7, 2026
$10.18+0.14 (+1.39%)
Close on Oct 19, 2026
- Market cap
- $1.21B
- P/E (TTM)
- 101.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
15.2%+19.2 pts over 5 years
Operating margin
-20.5%+43.7 pts over 5 years
Net margin
-19.7%+44.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.4% | +13.1% | +25.2% | – | |
| Gross profit | -22.1% | +14.3% | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 58.8% | -33.4% | |
| Return on assets | – | – | -16.3% | |
| Current ratio | – | – | 1.09 | |
| Interest coverage | – | -350.5× | -7332.5× | |
| Inventory turnover | – | – | 263.5× | |
| Capex to revenue | – | 21.8% | 15.7% | |
| Diluted shares | – | 16M | 118M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Sweetgreen generated $190.26M from operations and spent $462.02M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$190.26M
Used
$462.02M
Capital expenditure$462.02M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-19.7%
×Asset turnover0.83×
×Equity multiplier2.05×
=Return on equity, FY2025-33.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -19.7% | 0.83× | 2.05× | -33.4% |
| FY2024 | -13.4% | 0.79× | 1.84× | -19.5% |
| FY2023 | -19.4% | 0.66× | 1.72× | -22.1% |
| FY2022 | -40.5% | 0.56× | 1.40× | -31.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$134.07M
- Cash generatingOperating cash flow above zero-$12.70M
- Return on assets improvedROA up on the prior year-10.6% → -15.6%
- Earnings backed by cashOperating cash flow above net income-$12.70M vs -$134.07M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.02 → 1.09
- No dilutionShare count did not rise114M → 118M
- Gross margin improvedGross margin up on the prior year19.64% → 15.24%
- More efficientAsset turnover rose0.79 → 0.79